Exhibit 99.

Five Point Holdings, LLC Announces Third Quarter 2017 Results

Third Quarter 2017 and Recent Highlights

• Cash and cash equivalents of $387 million at September 30, 2017.
• Reached a settlement with key national and state environmental and Native American organizations that were
petitioners in various legal challenges to Newhall Ranch’s regulatory approvals and permits.
• Commenced development activities at Newhall Ranch.
• Increased revolving credit facility from $50 million to $125 million.
• Hired executive to lead the Company’s commercial development and leasing team.

Aliso Viejo, CA, November 8, 2017 (Business Wire) – Five Point Holdings, LLC (“Five Point”), an owner and developer
of mixed-use master-planned communities in coastal California, today reported third quarter 2017 financial results.

“We are pleased to release our third quarter earnings and to report on the progress of our communities,” said Emile
Haddad, Five Point’s Chairman and Chief Executive officer. “This is an exciting time for our Company. Business
conditions are favorable in our three markets with strong demand for homesites, low unemployment and high consumer
confidence. At Newhall Ranch, we entered into a settlement agreement with a number of petitioners involved in legal
challenges to the project, shortly after which we commenced development activities following years of investment in the
planning and entitlement process. At Great Park Neighborhoods, the joint venture sold 1,007 homesites on approximately
103 acres to eight homebuilders for $475 million. At the San Francisco Shipyard, we are focused on planning and land
development activities to activate the Candlestick Point site, and at Hunters Point we have initiated a process to increase
our commercial entitlement by 2 million square feet following voter approval of Proposition O last November. In
addition, we are pleased to welcome Dave Sears to our team to manage the growth of our commercial operations. We
remain focused on the continued execution of our strategy to generate significant cash flow from our assets, develop a
portfolio of income producing properties and maintain a strong and conservative balance sheet.”

Third Quarter 2017 Consolidated Results

Liquidity and Capital Resources
As of September 30, 2017, we had $386.9 million of cash and cash equivalents and no borrowings under Five Point
Operating Company, LP’s (the “Operating Company’s”) $50 million unsecured revolving credit facility (the “Facility”).
Total capital of Five Point was $1.8 billion as of September 30, 2017, reflecting $2.5 billion in assets and $678 million in
liabilities.

On November 8, 2017, the Operating Company entered into an amendment to the Facility, which will increase the
maximum aggregate borrowing amount to $125 million and extend the term of the Facility to April 2020 with an option
to further extend the maturity date by an additional year, subject to satisfaction of certain conditions including the
approval of the administrative agent and lenders. Borrowings under the Facility will bear interest at LIBOR plus a margin
ranging from 1.75% to 2.00% based on the Operating Company’s leverage ratio. No funds have been drawn on the Facility
to date.

In August 2017, the Company invested $106.5 million for a 75% interest in a newly formed joint venture
(the “Gateway Commercial Venture”) that acquired the Five Point Gateway Campus, consisting of approximately 73 acres
of commercial land in the Great Park Neighborhoods. The Five Point Gateway Campus includes approximately one
million square feet planned for research and development and office space in four buildings designed to accommodate
thousands of employees. Two of the buildings (660,000 square feet) have been leased back to Broadcom Corporation, a
subsidiary of Broadcom Limited (together with its subsidiaries, “Broadcom”), pursuant to a 20-year triple net lease.

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Three Months Ended September 30, 2017 and 2016
Revenues. Revenues increased by $0.5 million, or 4.5%, to $11.6 million for the three months ended September 30,
2017, from $11.1 million for the three months ended September 30, 2016. The increase in revenue was primarily due to
recognition of deferred revenue, profit participation, marketing fees and other builder fees attributed to prior period land
sales. No significant land sales closed escrow in the third quarters of 2017 or 2016.

Selling, general, and administrative. Selling, general, and administrative expenses increased by $12.1 million, or
47.6%, to $37.4 million for the three months ended September 30, 2017, from $25.4 million for the three months ended
September 30, 2016. This increase was primarily due to higher legal expense in 2017 in connection with the Newhall
Ranch settlement in addition to increased employee and director compensation, including share-based compensation for
directors. Partially offsetting these increases were lower auditing and tax professional fees incurred in 2017 compared to
2016. The higher expense in 2016 was mostly attributed to audit and tax reporting in connection with the series of
transactions (the “Formation Transactions”) effected on May 2, 2016, in which, among other things, we acquired interests
in the entity that owns the Great Park Neighborhoods in Irvine (the “Great Park Venture”) and the entity that owns The San
Francisco Shipyard/Candlestick Point in the City of San Francisco (the “San Francisco Venture”), and our management
company (the “Management Company”).

Equity in earnings (loss) from unconsolidated entities. Equity in earnings from unconsolidated entities
increased by $23.1 million to $22.8 million for the three months ended September 30, 2017, from a loss of $0.3 million
for the three months ended September 30, 2016. The increase was primarily due to our proportionate share from our 37.5%
percentage interest in the Great Park Venture, adjusted for the basis difference amortization of the Great Park Venture’s
recognition of land sales for an aggregate of 1,007 homesites on approximately 103 acres at the Great Park
Neighborhoods. There were no material land sales at the Great Park Neighborhoods for the comparable period in 2016. In
August 2017, we acquired a 75% interest in the Gateway Commercial Venture. From the date of acquisition through
September 30, 2017, we recognized $0.1 million in equity in losses generated by the Gateway Commercial Venture.

Net Loss. The consolidated net loss for the quarter was $10.3 million, of which $5.8 million, or just under 60% of
the loss, was allocated to the Company’s noncontrolling interests, resulting in a $4.5 million loss attributable to the
Company.

Segment Results
Newhall Segment – In September 2017, we entered into a settlement with key national and state environmental and
Native American organizations. These groups agreed that they would not challenge our current and certain future Newhall
Ranch project approvals and permits. We expect that the settlement will reduce the likelihood of unanticipated delays in
the Newhall Ranch development timeline. We commenced development activities at Newhall Ranch in October 2017 and
expect to begin land sales in late 2019. We are still involved in related lawsuits with local environmental groups that did
not join the settlement regarding the approvals and permits that have been issued for development areas within Newhall
Ranch.

Total revenues were $5.3 million for the third quarter and $15.8 million for the nine months ended September 30,
2017. Land sale revenues in both periods represent recognition of deferred revenue, profit participation and collection of
various builder fees related to prior period land sales. Selling, general, and administrative expenses were $7.0 million for
the third quarter and $23.5 million for the nine months ended September 30, 2017.

San Francisco Segment – We are continuing the process of amending the disposition and development agreement
with the City of San Francisco to increase the total amount of commercial use at Shipyard/Candlestick by over 2 million
square feet, most of which we anticipate will be for office use. We currently expect to receive approval for the amendments
in mid-2018. In addition, infrastructure development is progressing on the Macerich urban retail outlet shopping district,
and we currently anticipate that we will close land sales for over 2,000 homesites between 2019 and 2022.

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 Total revenues were $2.4 million for the third quarter and $89.3 million for the nine months ended September 30,
2017. Land sale revenue for the nine months primarily consists of a sale in January 2017 of 3.6 acres in Candlestick Point
for gross proceeds of $91.4 million. The San Francisco Venture is required to complete certain infrastructure elements
under the terms of the purchase and sale agreement and as of September 30, 2017, we have deferred $9.8 million in
revenue related to the sale that will be recognized as the development obligations are completed. Selling, general, and
administrative expenses were $7.3 million for the third quarter and $20.8 million for the nine months ended
September 30, 2017.

Great Park Segment – In the third quarter, the Great Park Venture closed escrow on the sale of 1,007 homesites on
approximately 103 acres to eight homebuilders in the Great Park Neighborhoods resulting in gross proceeds of
$474.8 million. Based on reports we receive from third party homebuilders, the percentage of homes sold in the two active
development areas within the Great Park Neighborhoods were approximately 99% and 66%, respectively, as of
October 31, 2017.

Total revenues were $462.2 million for the third quarter and $477.4 million for the nine months ended September 30,
2017. Land sale revenue of $461.7 million for the nine months ended September 30, 2017 is attributable to the homesite
sales at the Great Park Neighborhoods. A portion of the consideration paid has been deferred until the Great Park Venture
completes certain infrastructure improvements. Revenues from the recognition of deferred land sale revenues from prior
period land sales in addition to the collection of builder marketing fees were also recognized in the three and nine months
ended September 30, 2017. As of September 30, 2017, the Great Park Venture had deferred revenue of $31.6 million
attributed to land sales and profit participation. Collection of $12.0 million in management fees by the Management
Company, pursuant to the Great Park Venture development management agreement, is included in segment revenue for
the nine months ended September 30, 2017. Included within management services costs and expenses are $7.4 million in
general and administrative costs and expenses incurred directly by the Management Company’s project team that is
managing the development of the Great Park Neighborhoods. Selling, general, and administrative expenses were
$18.4 million for the nine months ended September 30, 2017 and represent marketing related costs and project team and
other administrative costs that are reimbursed to the Management Company per the terms of the development
management agreement. Management fees of $4.6 million for the nine month period represent the base management fee
paid pursuant to the development management agreement. Excluding net income of the Management Company, the Great
Park Venture recognized net income of $113.5 million for the nine months ended September 30, 2017. After taking into
account the basis adjustment, the Company’s investment in the Great Park Venture was increased by $17.7 million for the
nine month period ended September 30, 2017.

In November 2017, the Great Park Venture paid a $120 million distribution to holders of its legacy interests. The
distribution was the first payment to count against the aggregate of $565 million in priority distributions payable to
holders of the legacy interests.

Commercial Leasing Segment - In August 2017, the Gateway Commercial Venture, in which we own a 75% interest,
acquired the Five Point Gateway Campus, consisting of approximately 73 acres of commercial land in the Great Park
Neighborhoods on which four buildings are being completed, two of which were leased back to Broadcom. The Five Point
Gateway Campus includes approximately one million square feet planned for research and development and office space
designed to accommodate thousands of employees. Broadcom will remain the largest tenant, leasing approximately
660,000 square feet of research and development space pursuant to a 20-year triple net lease.

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 The Five Point Gateway Campus was acquired by the Gateway Commercial Venture for $443.0 million and
funded by capital contributions of $142.0 million from members, proceeds from debt financings obtained by the Gateway
Commercial Venture, and proceeds from the sale of excess entitlements to the Great Park Venture. Our portion of the
capital contributions was $106.5 million. The debt financings were provided by an affiliate of one of the other members
of the Gateway Commercial Venture and provide for loans totaling approximately $339.0 million. At the closing of the
acquisition, $291.2 million in loan proceeds were received and applied against the purchase price. The balance of the loan
capacity will be drawn and used to finance the cost of tenant improvements, leasing expenditures and certain capital
improvements. The excess entitlements included all of the building square footage originally planned but not constructed
at the Five Point Gateway Campus. The excess entitlements sold to the Great Park Venture can be used in accordance with
the flexible zoning ordinances applicable to the Great Park Neighborhoods.

For the three months ended September 30, 2017, our commercial leasing segment recognized $3.3 million in
revenues from the triple net lease with Broadcom and our property management services. Operating expenses were mostly
comprised of depreciation, amortization and interest expense totaling $3.6 million. Our segment net loss was $0.1 million
and our share of equity in loss from the Gateway Commercial Venture totaled $0.1 million for the three months ended
September 30, 2017.

Conference Call Information

In conjunction with this release, Five Point will host a conference call today, Wednesday, November 8, 2017, at 5:00 pm
Eastern Time. Emile Haddad, Chairman, President and Chief Executive Officer, and Erik Higgins, Vice President and
Chief Financial Officer, will host the call. Interested investors and other parties can listen to a webcast of the live
conference call by logging onto the Investor Relations section of the Company’s website at ir.fivepoint.com. The online
replay will be available on the same website immediately following the call. The conference call can also be accessed by
dialing (877) 425-9470 (domestic) or (201) 389-0878 (international). A telephonic replay will be available approximately
two hours after the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live
call and the replay is 13672832. The replay will be available until 11:59 p.m. Eastern Time on November 22, 2017.

About Five Point

FivePoint, headquartered in Aliso Viejo, California, designs and develops mixed-use, master-planned communities in
coastal California. FivePoint is developing vibrant and sustainable communities in Orange County, Los Angeles County,
and San Francisco County that will offer homes, commercial, retail, educational, and recreational elements as well as civic
areas, parks, and open spaces. FivePoint’s three communities are: Great Park Neighborhoods® in Irvine, Newhall Ranch ®
near Valencia in Los Angeles County, and The San Francisco Shipyard/Candlestick Point in the City of San Francisco.
The communities are planned to include approximately 40,000 residential homes and approximately 21 million square
feet of commercial space.

Forward-Looking Statements
This press release contains forward-looking statements that are subject to risks and uncertainties. These statements concern
expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning
matters that are not historical facts. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,”
“plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions that do not relate solely to
historical matters are intended to identify forward-looking statements. This press release may contain forward-looking
statements regarding: our expectations of our future revenues, costs and financial performance; future demographics and
market conditions in the areas where our communities are located; the outcome of pending litigation and its effect on our
operations; the timing of our development activities; and the timing of future real estate purchases or sales. We caution
you that any forward-looking statements included in this press release are based on our current views and information
currently available to us. Forward-looking statements are subject to risks, trends, uncertainties and factors that are beyond
our control. Some of these risks and uncertainties are described in more detail in our filings with the SEC, including our
quarterly reports on Form 10-Q, under the heading “Risk Factors.” Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated,
estimated or

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projected. We caution you therefore against relying on any of these forward-looking statements. While forward-looking
statements reflect our good faith beliefs, they are not guarantees of future performance. They are based on estimates and
assumptions only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement to
reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes,
except as required by applicable law.

Five Point Investors:

investor.relations@fivepoint.com

or

Media:
Steve Churm, 949-349-1034
steve.churm@fivepoint.com
Source: Five Point Holdings, LLC

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 FIVE POINT HOLDINGS, LLC
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except shares)
(Unaudited)

September 30, 2017 December 31, 2016

ASSETS
INVENTORIES $ 1,392,215 $ 1,360,451
INVESTMENT IN UNCONSOLIDATED ENTITIES 541,816 417,732
PROPERTIES AND EQUIPMENT—NET 33,596 34,409
INTANGIBLE ASSET—RELATED PARTY 127,593 127,593
CASH AND CASH EQUIVALENTS 386,855 62,304
RESTRICTED CASH AND CERTIFICATES OF DEPOSIT 2,298 2,343
MARKETABLE SECURITIES—HELD TO MATURITY — 20,577
RELATED PARTY ASSETS 4,428 82,411
OTHER ASSETS 7,730 6,762
TOTAL $ 2,496,531 $ 2,114,582
LIABILITIES AND CAPITAL
LIABILITIES:
Notes payable $ 69,790 $ 69,387
Accounts payable and other liabilities 163,112 114,080
Related party liabilities 187,134 221,157
Payable pursuant to tax receivable agreement 258,061 201,845
Total liabilities 678,097 606,469
CAPITAL:
Class A common shares; No par value; Issued and outstanding: 2017
—62,314,850 shares; 2016—37,426,008 shares
Class B common shares; No par value; Issued and outstanding: 2017
—81,463,433 shares; 2016—74,320,576 shares
Contributed capital 525,400 260,779
Accumulated deficit (37,486) (15,394)
Accumulated other comprehensive loss (2,830) (2,469)
Total members’ capital 485,084 242,916
Noncontrolling interests 1,333,350 1,265,197
Total capital 1,818,434 1,508,113
TOTAL $ 2,496,531 $ 2,114,582

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 FIVE POINT HOLDINGS, LLC
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,
2017 2016 2017 2016
REVENUES:
Land sales $ 2,655 $ 2,079 $ 7,859 $ 4,741
Land sales—related party 693 814 85,551 1,963
Management services—related party 5,466 5,509 16,417 8,900
Operating properties 2,805 2,720 7,341 7,235
Total revenues 11,619 11,122 117,168 22,839
COSTS AND EXPENSES:
Land sales 1,641 (594) 83,755 (843)
Management services 2,572 2,545 7,878 3,948
Operating properties 3,115 2,604 8,307 7,811
Selling, general, and administrative 37,427 25,351 92,536 94,768
Management fees—related party — — — 1,716
Total costs and expenses 44,755 29,906 192,476 107,400
EQUITY IN EARNINGS (LOSS) FROM UNCONSOLIDATED
ENTITIES 22,825 (297) 17,584 (479)
LOSS BEFORE INCOME TAX BENEFIT (10,311) (19,081) (57,724) (85,040)
INCOME TAX BENEFIT — — — 4,456
NET LOSS (10,311) (19,081) (57,724) (80,584)
LESS NET LOSS ATTRIBUTABLE TO NONCONTROLLING
INTERESTS (5,844) (12,687) (35,632) (50,405)
NET LOSS ATTRIBUTABLE TO THE COMPANY $ (4,467) $ (6,394) $ (22,092) $ (30,179)